New Listing
Description
Full brick duplex with (2) - 1 bed, 1 bathroom units in the heart of Wichita. These units offer easy, no-stairs living with a functional layout. The kitchen comes equipped with an oven/range and refrigerator included. 1-car parking per unit adds everyday practicality. Whether you're an investor eyeing a rental-ready property or a buyer looking to build equity through updates, this one checks the boxes. Schedule your showing today! This is a multi-parcel auction of six duplexes on S Ellis Ave in south Wichita, each offered individually. Bid on one, a few, or all six, in whatever combination fits your portfolio. Twelve total units across six side-by-side duplexes, with eleven of the twelve currently leased. Several tenants have been in place for years, one for more than two decades, which speaks to steady, low-turnover income. Rents are currently below market, so there's real room for a new owner to bring them up over time, and the one vacant unit is ready to lease. Tenants pay their own electric and trash. The landlord covers water (averaging about $40 per unit per month) and lawn care. Most units include a landlord-provided range and refrigerator. The properties: 2519 S Ellis Ave 2525 S Ellis Ave 2531 S Ellis Ave 2537 S Ellis Ave 2549 S Ellis Ave 2555 S Ellis Ave Current rents run from $275 to $475 per unit, with gross rents of about $4,125 per month across the occupied units. See each lot for unit-by-unit detail. At closing, rents are prorated to the day of closing and tenant security deposits transfer to the buyer. How the Multi-Parcel Auction Works: Each duplex is its own parcel. You can bid on any single property, any combination, or all six, and bids can be placed in different combinations throughout the auction. The software continually takes the highest total. The auction closes on a dynamic timer, not a hard cutoff. The 1:00 PM time on October 8th is when bidding begins closing. From there, bidding stays open as long as bids keep coming. Once 300 seconds (5 minutes) pass with no new bids, the auction ends. Plan to be active near the end. Seller Confirmation & Reserve: All final bids are subject to seller confirmation. If the reserve is met, that will be announced. Auction Highlights & Terms: Clear Title: Every property is being sold with a clear title, so you can bid with confidence. Title Insurance: Provided through Meridian Title Company for a secure, protected transfer of ownership. Prorated Taxes: Property taxes are prorated to the exact day of closing, so you are not responsible for any back taxes. Rents & Deposits: Rents are prorated to the day of closing, and tenant security deposits transfer to the buyer. 30-Day Closing: Closing takes place on or before 30 days from the auction's end. Agents: Register your buyer Registration & Bidding: Review the individual parcel details, schedule your showings, and register to bid today. A 10% buyer's premium will be added to the final bid to make up the final contract price. Property is selling in its "as-is" present condition and is accepted by the buyer without any expressed or implied warranties. It is the buyer's responsibility to have any and all inspections completed prior to bidding. The buyer and seller shall split equally the cost of the title insurance and the closing fee. All taxes will be prorated to the day of closing. Bidding is not contingent upon financing. Closing to take place on or before 30 days from the auction closing date. All final bids are subject to seller confirmation. The Seller reserves the right to accept any offer made prior to the auction's close, regardless of the current highest bid, only if the reserve price has not been met. In the event of an acceptable pre-auction offer, the auction will be immediately terminated and the highest bidder notified. A non-refundable earnest money deposit of $5,000 per building is due at the conclusion of the auction.
Details
| MLS # | 678608 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 2 |
| Listing Provided By | Keller Williams Hometown Partners | Daniel Gutierrez |
Features
| SQ Feet | 1,150 |
|---|---|
| Units | 2 |
| Acreage | 6653.00 |
Interior
| Flooring | Wood |
|---|
Parking
| Parking Features | 1 per Unit |
|---|
Taxes
| Property | 640 |
|---|
Area Information
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67216 |
| School District | SCKMLS |
| School District | South |
| Elementary School | Anderson |
| High School | South |
| Listing VS Median (in 67216) | |
sqft: 1,150 low | high Med: 1,543 On site: 2 low | high Med: 20.5 | |
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Learn More About This Property
| State | KS |
|---|---|
| County | Sedgwick |
| City | Wichita |
| Zip Code | 67216 |
| School District | SCKMLS |
| School District | South |
| Elementary School | Anderson |
| High School | South |
| Listing VS Median (in 67216) | |
sqft: 1,150 low | high Med: 1,543 On site: 2 low | high Med: 20.5 | |
